Trump Organization Reaches Deal To Walk Away From SoHo Property
H/T TPM
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The project was troubled from the beginning. The SoHo development was also the subject of complaints from private investors who accused the Bayrock Group, a frequent Trump partner, of failing to disclose fraud convictions of two Bayrock partners.
The New York Times reported that the development also took “financing from questionable sources in Russia and Kazakhstan.”
Buyers in the development were angry that the Trumps allegedly inflated claims of the project’s success, and the Trump Organization ultimately settled a civil suit in 2011, admitting no wrongdoing and agreeing to refund much of buyers’ deposits.

ProPublica, WNYC and The New Yorker reported in October that the Manhattan district attorney’s Major Economic Crimes Bureau had opened an investigation into Ivanka Trump and Donald Trump, Jr., the President’s eldest children, in 2010.
Manhattan District Attorney Cyrus Vance Jr’s team reportedly acquired emails in which the Trump siblings discussed how to coordinate misleading information to give to people interested in condo units.
Marc Kasowitz, one of Trump’s longtime personal attorneys, donated $25,000 to Vance Jr.’s reelection campaign in 2012. According to the report, Vance Jr. returned the donation. He dropped the case against the elder Trump children several months later, and Kasowitz reportedly helped raise an additional $50,000 for his campaign.

If Rotten fruit falls to the pavement in Manhatten, is there fraud in the mess?